DunaDome, majority owned by supervisory board member Kristóf Nobilis, acquired 5 million econet.hu shares, increasing its stake in the company to 5.8 million shares, from 1.17% to 8.47%.
Héjja Befektető és Vagyonkezelő, which previously owned no econet.hu shares, also acquired 5m company shares, giving Héjja Befektető a 7.3% stake in econet.hu.
The econet.hu company announced on November 22 that it would raise HUF 1.2 billion – 2.2 billion in capital via private placement at HUF 120 per share to finance the purchase of festival organizer Sziget Kulturális Menedzser Iroda.
Three other companies own a stake of more than 5% in econet.hu – MKB Bank, with a stake of 10.58%, Szigerta Invest along with Károly Gerendai and Gábor Takács, with a stake of 5.18%, and Erste Befektetési, with a stake of 5.02%.
MKB Bank acquired the econet shares on commission by a client and does not wish to exercise its voting rights, the bank said on February 2011 . The packet will get to Canongate Investments, raising its stake from 4.71%, and to Stirling Investments, raising its stake from zero to 4.28% once the related futures contracts opened by the two businesses expire. Closing of the transaction will give a 15.3% indirect stake to Csaba Balázs, econet said.
Shares of econet.hu trade in the A-category at the Budapest Stock Exchange.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
